Boston Partners Increases Stock Position in NatWest Group plc $NWG

Key Points

• Boston Partners increased its stake in NatWest Group plc by 24.1%, acquiring an additional 87,852 shares, bringing their total holdings to 453,078 shares worth $5.42 million.
• The company's shares are down 2.2%, trading at $14.84, with a 52-week low of $8.55 and a high of $15.17.
• NatWest Group announced a semi-annual dividend of $0.255 per share, representing a yield of 390.0%, though the dividend payout ratio stands at 32.26%.

Boston Partners grew its stake in shares of NatWest Group plc (NYSE:NWG - Free Report) by 24.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 453,078 shares of the company's stock after acquiring an additional 87,852 shares during the period. Boston Partners' holdings in NatWest Group were worth $5,417,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of NatWest Group by 1,102.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 600,743 shares of the company's stock worth $7,161,000 after purchasing an additional 550,764 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its stake in shares of NatWest Group by 153.7% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 70,267 shares of the company's stock worth $715,000 after purchasing an additional 42,567 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of NatWest Group during the 1st quarter worth approximately $293,000. Envestnet Asset Management Inc. increased its stake in shares of NatWest Group by 28.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,744,550 shares of the company's stock worth $32,715,000 after purchasing an additional 611,323 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of NatWest Group by 309.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 101,675 shares of the company's stock worth $1,212,000 after purchasing an additional 76,866 shares in the last quarter. 1.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NWG shares. Citigroup reissued a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. Zacks Research cut shares of NatWest Group from a "strong-buy" rating to a "hold" rating in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy".

NatWest Group Trading Up 0.4%

NWG stock traded up $0.0570 during midday trading on Friday, hitting $15.3070. The stock had a trading volume of 1,697,687 shares, compared to its average volume of 4,906,071. The firm has a market cap of $61.97 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 0.87 and a beta of 1.07. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.06. NatWest Group plc has a 12-month low of $8.55 and a 12-month high of $15.40. The company's 50-day moving average price is $13.97 and its 200 day moving average price is $12.97.

NatWest Group (NYSE:NWG - Get Free Report) last released its earnings results on Friday, July 25th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. The firm had revenue of $5.42 billion during the quarter, compared to analysts' expectations of $4.06 billion. NatWest Group had a net margin of 16.84% and a return on equity of 11.99%. On average, equities research analysts predict that NatWest Group plc will post 1.35 earnings per share for the current fiscal year.

NatWest Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a dividend yield of 390.0%. NatWest Group's payout ratio is currently 32.26%.

NatWest Group Company Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.